After a successful attempt to break above the upper boundary of the presumed ending diagonal triangle, buyers began to solidify their positions at the newly won levels. This was confirmed by a retest of the broken boundary, indicating serious intentions to continue the uptrend.
The likelihood of this scenario remains quite high, driven by the formation of Wave 3 in the upward impulse. Additionally, the minimum movement, equivalent to the size of the previously formed ending diagonal triangle, has not yet been realized.
Thus, the situation retains a bullish bias, making purchases a rather appealing trading solution.
Investment idea: Buy 1.0410, Stop Loss 1.0385, Take Profit 1.0630.
Origin: FreshForex
